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Proposal to increase Government Price of

Lands in Lahore by 10 Per cent


Published May 21, 2014 | By Gohar Bhatti

Work has just begun to increase the


government prices of lands in Lahore and
formal announcement of schedule is expected
on 27th June. There is a proposal to increase
the prices by 10 per cent on the whole of all
the commercial, residential and agricultural
lands. The schedule will be implemented from
1st July, 2014. In next schedule 14 different
rates pertaining to Defence Housing Authority
will be fixed whereas 14 different rates of
Raiwind
will
remain
unchanged.
The
changes reflected in new schedule are: Mall
Road per Marla price has been changed from
26 Lac 87 Thousand to 27 Lac 70 thousand,
Hall Road from 22 Lac to 23 Lac whereas Jail
Road from 19 Lac 35 Thousand to 20 Lac
rupees has been proposed. In the same way
Gulberg Main Bulevard from 19 Lac 50
Thousand to 21 Lac 60 thousand, Gulberg
Main Market from 17 Lac 70 thousand to 26
Lac rupees has been proposed.

MM Alam Road from 13 Lac 95 thousand to 14


Lac 95 thousand, New Anarkali from 18 Lac
80 thousand to 20 Lac 20 thousand, Frozpur
Road Mozang to Shama Cinema from 14 Lac
80 thousand to 15 Lac 80 thousand, Urdu
Bazar from 11 Lac 30 thousand to 12 Lac 30
thousand, Rang Mahal from 29 Lac 50
thousand to 31 Lac 40 thousand, Suha Bazar
from 29 Lac 50 thousand to 31 Lac 50
thousand and in Azam Market per marla
government price has increased from 25 Lac
80
thousand
rupees
to
26
Lac
Lac
80 thousand. On the same pattern the price
per Marla on Ravi Road has been increased
from 16 Lac 10 thousand to 17 Lac 20
thousand, Race Course from 10 Lac 76
thousand to 11 Lac 60 thousand, MCleod
Road from 14 Lac 50 thousand to 15 Lac 50
thousand has been propsed.

There is a suggestion to increase per marla


price of Garden Town, Model Town, Mcleod
Road and almost all prominent commercial
and residential areas by 10 Per cent. A
Committee has been formed including subRegistrars
of
9
Registration branches
responsible for the registration of properties
in Lahore, that will review all the proposals in
this regard and will give the final shape to the
schedule. Objections on the schedule will be
received till 15 June, 2014 and addressed
accordingly. New Schedule will be enforced
on First of July, 2014 after which registration
of properties in all concerned registration
branches will be done as per the new
schedule. In the last year the 25 per cent
increase propsed by the Collector in the
schedule was rejected.

As per the Letter issued by Board of Revenue


Punjab, the increase must have to be
reasonable regarding all the immobeable
properties falling in the limits of urban Lahore
and rating area and the schedule was issued
with the same motive.

The rate increased in the commercial areas


will be received through stamp duty and
registration fees by the bank for which an
official challan will be issued. Corporation
fees will be received by the relevant staff of
every department in every branch on the spot
whereas the stamp papers will be got issued
from the State Bank and its recovery will also
be through challan forms. Stamp Paper

amount will be deposited in state bank on


Challan form which will be issued two days
later and will also be got attested by
the treasury branch.